Louisiana State Employees Retirement System Cuts Stock Holdings in Mativ Holdings, Inc. (NYSE:MATV)

Louisiana State Employees Retirement System lowered its position in shares of Mativ Holdings, Inc. (NYSE:MATV) by 3.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,300 shares of the company’s stock after selling 1,000 shares during the period. Louisiana State Employees Retirement System’s holdings in Mativ were worth $447,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Allspring Global Investments Holdings LLC lifted its holdings in shares of Mativ by 0.6% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 4,037,011 shares of the company’s stock valued at $68,589,000 after buying an additional 25,885 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Mativ by 2.5% in the second quarter. Dimensional Fund Advisors LP now owns 2,154,818 shares of the company’s stock valued at $36,546,000 after acquiring an additional 52,858 shares during the period. Vaughan Nelson Investment Management L.P. boosted its position in Mativ by 12.9% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 1,544,028 shares of the company’s stock worth $26,187,000 after purchasing an additional 176,600 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of Mativ by 67.2% in the second quarter. American Century Companies Inc. now owns 749,967 shares of the company’s stock worth $12,719,000 after buying an additional 301,488 shares during the last quarter. Finally, First Eagle Investment Management LLC grew its position in Mativ by 9.4% during the second quarter. First Eagle Investment Management LLC now owns 447,104 shares of the company’s stock valued at $7,583,000 after buying an additional 38,500 shares during the period. Institutional investors own 94.95% of the company’s stock.

Mativ Stock Up 7.7 %

NYSE MATV opened at $17.35 on Thursday. Mativ Holdings, Inc. has a 52 week low of $10.78 and a 52 week high of $19.96. The company has a quick ratio of 1.33, a current ratio of 2.46 and a debt-to-equity ratio of 1.28. The company has a market capitalization of $942.63 million, a P/E ratio of -2.90, a price-to-earnings-growth ratio of 3.18 and a beta of 0.70. The stock’s 50-day moving average price is $17.04 and its 200-day moving average price is $17.37.

Mativ (NYSE:MATV) last issued its earnings results on Wednesday, August 7th. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.13. The company had revenue of $523.80 million during the quarter, compared to the consensus estimate of $526.50 million. Mativ had a negative net margin of 16.55% and a positive return on equity of 5.19%. During the same quarter in the prior year, the firm posted $0.51 EPS. On average, equities research analysts predict that Mativ Holdings, Inc. will post 0.82 earnings per share for the current year.

Mativ Profile

Mativ Holdings, Inc, together with its subsidiaries, manufactures and sells specialty materials in the United States, Europe, the Asia Pacific, the Americas, and internationally. The company operates through two segments, Advanced Technical Materials and Fiber-Based Solutions. The Advanced Technical Materials manufactures and sells various engineered polymer, resin and fiber-based substrates, nets, films, adhesive tapes, and other nonwovens for the filtration, protective solutions, release liners, and healthcare end-markets.